Bank of America: Oil Demand Growth to Hit Zero Within a Decade, EVs the Culprit
Green Car Congress
FEBRUARY 7, 2019
Roughly 62 percent global cobalt output is found in the Democratic Republic of Congo. Any major disruption to cobalt today would likely curb EV proliferation in the early 2020s, in turn supporting long dated crude oil prices,” Bank of America Merrill Lynch warned. That would alter oil demand forecasts, but in complicated ways.
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